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Search Results 0 to 49 of about 58 (some duplicates have been removed)
Oct 16, 2012 7:00pm EDT
, and what they said late today could help set the stage others. ruben ramirez reports. >> reporter: while analysts saw storm clouds in i.b.m. and intel's results, both companies see their future in a different kind of cloud. intel makes the chips that power the cloud-computing servers that i.b.m. makes, services, and, in some cases, leases to corporations. intel earned 58 cents a share in its latest quarter. that's nine cents ahead of expectations. on the sales side, they made $13.5 billion. that was ahead of lowered expectations. one drag: the shifting marketplace from p.c.s to mobile devices. >> intel is getting killed tablets. because people are buying tablets. they're making concerted efforts. it doesn't make chips for tablets. >> reporter: both intel and i.b.m. are seeing firsthand the effects of the global economic slowdown as firms trim i.t. budgets or hold off on spending. i.b.m. posted profits of $3.62 a share, a penny above expectations. revenue fell to just under $25 billion, slightly softer than forecasts. >> what's happening with i.b.m. is europe. a lot of demand gener
Oct 23, 2012 6:30pm EDT
took months or years to create can now be made in just a matter of hours. ruben ramirez, nbr, new york. >> susie: investors "liked" facebook's third quarter earnings as the social media powerhouse showed progress, making money from its mobile users. in its second quarter as a publicly traded company, facebook posted adjusted earnings of 12 cents a share, a penny above analysts' estimates. revenues also came in slightly better than expected at just over $1.25 billion. the bright spot-- big gains in mobile ad revenues. >> this quarter, mobile advertising accounted for 14%, so that's over $140 million. that's pretty stunning, and that's significantly above what analysts were expecting, so i think what we have here is a little bit of momentum. and if facebook can keep it going, i think the mobile monster that's been plaguing th share price down, it could maybe crawl back under the bed for a while. >> susie: facebook shares jumped over 9% in after-hours trading to over $21 a share. but its still well below the i.p.o. price of $38, and analysts think the stock could trade lower as locku
Oct 3, 2012 1:00am PDT
month, but a drop in pickup truck sales hit g.m. and ford. ruben ramirez reports buyers of smaller cars are fueling sales gains. >> reporter: car shoppers took a little breather in september after this summer's shopping spree. general motors says sales grew just 1.5%. ford was essentially flat from the same period last year. ford's f-series pickup, which it calls the best-selling vehicle in america, inched up just 1%. but while sales of trucks slowed, compact passenger cars moved briskly. one beneficiary was chrysler and its fiat brand.nd it had the best september in five years. toyota also saw solid growth as it continued to recover from last year's tsunami disruptions. but there are concerns which could make consumers skittish about spending on a new car-- the election and worries about the fiscal cliff. >> some slowdown is certainly reasonable, but there is still a lot of pent-up demand because of how awful things got back in '09 when we only sold 10.4 million vehicles in this country. >> reporter: while industry watchers expect sales for the year to be about 14.5 million vehicl
Oct 9, 2012 6:30pm EDT
. as ruben ramirez reports, bonuses are expected to be on the high side. >> reporter: most wall street bonuses won't be paid till early next year, but already, many bankers are expecting bigger checks that last year. nearly half of those on the street expect bonuses to be up from 2011. >> people that are managing money, and so that's, for example, hedge funds or people who manage other people's money, those are the places where we saw more optimism. the pessimism we found was in the larger banks. >> reporter: while many say the overall performance of their firm is more important this year, the biggest reason for a larger bonus is still individual performance. some of the biggest outside factors putting pressure on bonuses-- the u.s. economy, dodd-frank, firms trimming pay, and the euro-zone crisis. wall streeters in the glass- half-full camp see bonuses rising over the next three years, and think they could even get back to those lofty pre- crisis levels. ruben ramirez, nbr, new york. >> susie: there's been a lot of talk about nfl jerseys, now that nike is taking over as the lea
Oct 25, 2012 1:00am PDT
bright spot: up 3% from a year ago. but as ruben ramirez reports the gaming industry is shifting as people spend more time on their smart phones and tablets. >> reporter: you don't have to be a big company to get your game onto a smartphone, analysts call it "the democratization," and it's wreaking havoc on the video game industry. >> for years and year you had an arms race in the video game industry. the bigger companies were able to make much better games, better graphics, better talent, all those kinds of things and that worked really well when there was a limited market in terms of the shelf space in a store. >> reporter: sales of in the video game industry fell 24% last month, marking a tenth consecutive monthly decline. big companies like electronic arts, take two interactive and activision have struggled over to find their footing in a rapidly changing environment. >> it's just been a sector that has been decimated by the fact that mobile devices, tablets, and phones are really taking more and more of consumers time. >> reporter: the move to social gaming like zynga was suppo
Oct 23, 2012 4:30pm PDT
small tablets from amazon and google already on the market. as ruben ramirez reports, the ipad mini may have been what everyone was looking for, but the announcement of a next generation ipad is what caught fans and investors by surprise. ♪ ♪ >> reporter: with a simple tune, apple launched ipad's new sibling, the ipad mini. at nearly eight inches, with a ten-hour battery life, it sets apple up to go head-to-head with the likes of google's nexus seven, the kindle fire hd, and the galaxy note, which goes on sale tomorrow. >> the tablet market is very price sensitive, and anytime you cut the price, you open up a whole new audience of users by releasing the mini and having that $329 price point, that's going to give them a lot more penetration into the market. >> reporter: in a move that's new for apple,t ghlighted the differences between the mini and its competitors, pointing out the screen size and other features. the biggest difference-- price! it's higher than all its competitors, and just $70 less than the cheapest full-size ipad. >> there is a concern that maybe apple could ca
Oct 9, 2012 4:30pm PDT
could even get back to those lofty pre- crisis levels. ruben ramirez, nbr, new york. >> susie: there's been a lot of talk about nfl jerseys, now that nike is taking over as the league's official jersey maker. but in tonight's "beyond the scoreboard," rick horrow says there's another big winner when it comes to nfl jerseys. >> the jersey list may be limited to sales from dick's sporting goods, but the biest winner may be the company itself. the list is broken down into several categories, including overall sales, best selling offensive and defensive players, and top rookies. the genius of the jersey report is how it keeps dick's front and center on the minds of very lucrative customers, nfl fans, and with allowing them to buy a jersey with a click. this isn't the only example of a company looking outside its core business and using sports to drive sales or web traffic. "forbes" annual sports franchise valuation lists help the company sell magazines. for years, "bloomberg businesswe" has been ranking players by on- and off-field attributes in the power 100, generating millions o
Oct 2, 2012 1:00am PDT
doctors keep track of their patients. ruben ramirez reports. >> reporter: uptown, downtown and everywhere in between, nurse practitioner denis tarrant is always on the go. he's the founder of manhattan house calls. seeing patients in their homes is his business. >> let's see how your blood pressure is doing today. >> reporter: tarrant uses technology from practice fusion. the transition from paper files to electronic records hasn't just lightened his briefcase. >> it has helped me to organize my data more succinctly. it allows to give me more patient time instead of flipping through paper time and at the end of the day the patient really benefits from having the e.m.r. >> reporter: across the country adoption of electronic medical records by doctors and hospitals has surged over the past three years. the 2009 economic recovery act pays up to $64,000, for doctors who adopt and use new technology to maintain patient files. ryan howard started practice fusion seven years ago. the company developed a platform for doctors to schedule patients, tracking vitals, document diagnosis and
Oct 3, 2012 4:30pm PDT
. but as ruben ramirez reports, this time around the deal will be under scrutiny for another reason. >> reporter: it's a marriage perhaps more of convenience than of equals between t-mobile and metro p.c.s. the deal gives t-mobile access to metro p.c.s.'s treasure trove of wireless spectrum in urban areas. it also opens up a new segment of customers in the wireless subscriber market. >> they're not really trying to compete so much with verizon and at&t, as they are trying to create a viable competitor at the low end of the market. >> reporter: but chasing the low-income consumer is big business, because of that, the deal could face regulatory roadblocks for different reasons. >> i think this merger will be carefully scrutinized because of the impact on low-income consumers. those are the most vulnerable consumers with the fewest alternatives. the justice department is going to look at that very carefully and to the extent that they see a competitive problem, they'll require divestitures to protect those consumers. >> reporter: the new company will keep the t-mobile name, analysts sa
Oct 17, 2012 6:30pm EDT
up, this may be the year to hop on a plane. ruben ramirez reports on how turbulence for the airline industry may be good for consumers looking for a deal on tickets. >> reporter: the third quarter may be as good as it gets for the airline industry this year. analysts like ray niedl, see revenues of $2 billion, that may sound like a lot, but consider that just a few months ago the expectation was $3 billion in sales. two big headwinds: the first is fuel prices. >> the higher fuel prices were significant and it appears now looking at the yield numbers that the airlines were not able to pass on the higher prices to the consumer. >> reporter: and the second is: a slowdown in ticket sales that started in august. a.m.r., the parent of american airlines is feeling the slowdown: today the company said quote, "... given the lower booking trends we were seeing over the past few weeks which impacted october. we anticipate the revenue impact will be more evident in october." for each seat its selling, revenues are down, the industry's trade group says its off about 1% year over year. >> the ind
Oct 29, 2012 4:30pm PDT
and home depot, as people stock up on supplies, and materials needed for repairs. ruben ramirez reports from new jersey. >> reporter: christmas trees and holiday decorations were not on anyone's list as customers tried to stock up on supplies ahead of hurricane sandy's landfall here in new jersey. >> the big demand is generators, sand, tarps, rope, bungee cords, gas cans, basically anything you can use to help prepare yourself for the storm. >> reporter: with as many as 10 million people predicted to lose electricity, light and power were what last-minute shoppers were after. >> they're buying all of the flashlights, d batteries to go along with the flashlights, lanterns. >> reporter: today's business comes as the stores have benefited this year from a pick- up in the housing market. but, with winds and rain already picking up speed, people wanted to be sure items they were looking for were in stock before they left home. >> people have been calling. the phones have been going crazy quite honestly. people want to know if we've got it coming in. >> tom: there was some economic news today
Oct 15, 2012 6:30pm PDT
business economists shows the economy will need more than the apple effect to get moving. ruben ramirez reports from new york. >> reporter: next year the economy's expected to look a lot like this year with slow and tepid growth. that's according to an influential group of business economists. with g.d.p. slightly below 2% this year, the n.a.b.e. expects growth next year of around 2.5%., improving to 3% in the final quarter of next year. >> when you look at the growth for the u.s. economy since the turn of the great recession it has come in at roughly a trend rate of growth. we should be doing much better than trend because of all the pent up demand that was created during the downturn. >> reporter: but without job growth its hard to get people to spend. companies are expected on average to add just 155,000 jobs a month. and, the unemployment rate will likely hover just below 8%. >> although the consumer is showing a little more strength. the operational word is a little. we need to see a lot more strength and were not going to likely get that. you just don't get it without a lo
Oct 5, 2012 7:00pm EDT
forefront of innovation. but beyond siri, ruben ramirez takes a look at what's likely to shape technology, not tomorrow or next year, but 20 years from now. >> reporter: brian david johnson has a pretty cool job. he's constantly on the move, criss-crossing the globe as he tries to imagine the future of technology. how do you see the relationships that we have with devices that we use everyday now like our iphones with siri, how do you see that evolving and changing in 20 years? >> your devices have all this computation intelligence and just living with your devices, just living with your smartphone, you'll actually program it. so just living with your smartphone, your smartphone will know you. >> reporter: what do companies need to do to continue to be innovative and think not just about tomorrow but 20 years from now? >> people want very basic things. people don't change that much and if we can use all of this power to make their lives better then i think we're going to be on the right track. i think if we just think about people as customers, people who can just pay money, i
Search Results 0 to 49 of about 58 (some duplicates have been removed)